Investment Banking

UBS faces millions in penalties over Credit Suisse’s $5.5bn Archegos debacle

Fines from the US and UK could range between $100m and $300m

The likely hit comes just days after UBS’s completion of its acquisition of its beleaguered Swiss rival
The likely hit comes just days after UBS’s completion of its acquisition of its beleaguered Swiss rival Photo: AFP via Getty Images

Credit Suisse’s relationship with family office Archegos Capital is set to hit UBS following investigations by UK, Swiss and US regulators.

Hundreds of millions in potential penalties could come just days after UBS completed its acquisition of its beleaguered Swiss rival in a landmark deal backed by the Swiss government, the Financial Times reported.

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